Applicability
This query is : Resolved
Navina Jain
(Querist)
21 September 2016
Is service tax applicable on daily deposit collection of bank. Commission agent of the bank.
CA R SEETHARAMAN
(Expert)
22 September 2016
Service tax applicable if total commission received in a year exceeds 10 lacs.
23 September 2016
Since the commission income is not considered in the negative list, service tax would be applicable.
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